According to a new report, published by KBV research, The Global Data Mesh Market size is expected to reach $3.6 billion by 2030, rising at a market growth of 16.5% CAGR during the forecast period.
The Solution segment is showcasing a CAGR of 15.8 % during the forecast period. Innovations and advancements in technologies relevant to data mesh, such as distributed computing, cloud services, and containerization, can fuel the development of sophisticated solutions. As technology evolves, solution providers may introduce more efficient and scalable tools to address the intricacies of decentralized data management. Thus, the segment will expand rapidly in the coming years.
The Coarse-grained segment generated the highest revenue in the Global Data Mesh Market by Approach in 2022; thereby, achieving a market value of $1.4 billion by 2030. Coarse-grained data mesh solutions may be more straightforward to integrate into existing data architectures, making them attractive for organizations looking to enhance their data infrastructure. Managing data at a coarser granularity may result in lower infrastructure and operational costs than fine-grained approaches. These aspects will boost the demand in the segment.
The Customer Experience Management segment is registering a CAGR of 15.8 % during the forecast period. Customer experience management often requires real-time insights to respond promptly to customer needs and preferences. Data mesh can facilitate the creation of real-time data pipelines, ensuring organizations can access up-to-date customer information. Therefore, the segment will expand rapidly in the coming years.
The Sales & Marketing segment led the Global Data Mesh Market by Business Function in 2022; thereby, achieving a market value of $956.3 million by 2030. Sales and marketing teams are leveraging data mesh principles to break down silos and enable seamless collaboration across various data domains. This approach facilitates the integration of diverse data sources, providing a comprehensive view of customer behavior, market trends, and sales performance. By embracing data mesh, companies can enhance their decision-making processes, optimize marketing strategies, and drive revenue growth. These aspects will pose lucrative growth prospects for the segment.
The BFSI segment is growing at a CAGR of 14.2 % during the forecast period. The BFSI sector deals with vast amounts of complex and diverse data, including customer transactions, financial market data, risk analytics, and regulatory compliance data. Data Mesh provides a decentralized and domain-oriented approach, allowing BFSI organizations to manage and scale their diverse data sources more effectively. Therefore, these factors will assist in the expansion of the segment.
Full Report: https://www.kbvresearch.com/data-mesh-market/
The North America region dominated the Global Data Mesh Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.3 billion by 2030. The Europe region is anticipated to grow at a CAGR of 16.1% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 17.4% during (2023 - 2030).
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